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Last Mile Delivery Transportation Market – Technological Developments Helping in Overcoming Challenges

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Technological Developments Helping in Overcoming Challenges in Execution of Last Mile Delivery Transportation

While developed regions of the world, including North America and Europe, are likely to establish reliable and robust last mile delivery transportations models, developing countries are currently focusing on addressing some key challenges within the last mile delivery transportation market, including ambiguity in commodity & program portfolio, sub-standard execution of storage guidelines, lack of efficient information systems, and inventory management systems.

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Technological developments within the last mile delivery sphere is redefining last mile delivery transportation. Some of the advancements that are anticipated to make inroads in the last mile delivery transportation market include uptake of electric vehicles amid mounting environmental concerns, entry of semiautonomous vehicles, and autonomous delivery vehicles. These innovations are expected to minimize delivery costs and comply with stringent emission-related guidelines due to which, the entry of these technologies within the current market landscape could be sooner than expected.

According to Vision Research Reports, the global last mile delivery transportation market is expected to reach US$ 390 Bn by 2027, expanding at a CAGR of 3% over the forecast period 2020 to 2027.

Emphasis on eCommerce and Direct-to-Consumer Delivery Models for Revenue Opportunities

At present, companies within the last mile delivery transportation market are increasingly examining different methods that are likely to minimize the costs of transportation of goods in the last leg of the journey. In their efforts to attain the set objectives, direct-to-consumer delivery models are experiencing significant developments and innovations. Traditional delivery companies are investigating different ways to utilize their existing resources to streamline last mile delivery transportation. Some of the solutions that are currently being reviewed include personal delivery, automated delivery, and locker delivery.

Advancements in technology are likely to drive innovations and the development of new last mile delivery transportation models. The flourishing eCommerce sector has presented significant opportunities for market stakeholders. Currently, pilot testing of new technologies and new transportation models around the world has increased at a rapid pace – a trend that is projected to continue during the forecast period. Some of the factors that are likely to enable the growth of the last mile delivery transportation market include the adoption of diversified last mile services, assessment of incurring costs of sold goods, and expansion of the omni-channel inventory selection.

Autonomous Vehicles Hold Promising Potentials for Efficient Delivery at Low Costs

Technological advancements over the past few years have raised customer expectations and influenced the purchasing patterns of consumers, along with how these products are delivered to them. Apart from evolving consumer preferences, consumers are increasingly demanding cost-effective and convenient last mile delivery due to which, last mile delivery transportation services have gained noteworthy popularity in recent years. Stakeholders operating in the current last mile delivery transportation market are of the opinion that the autonomous delivery vehicle technology may open up new avenues in last mile delivery transportation. As delivery autonomous vehicles are likely to address the consumer demands for efficient delivery at lower costs, the adoption is likely to gain considerable traction during the forecast period.

At present, players operating in the last mile delivery transportation market are seeking different ways to minimize the delivery costs across the last leg of the journey i.e. from the transportation hub to the last point of delivery. In addition, retail outlets and restaurants who have incorporated a lean operational model are increasingly challenged with problems such as efficient logistics and supply chain management.

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Report Highlights

Based on vehicle type, the light duty vehicles segment held a major share of the global last mile delivery transportation market in 2020. However, the industry is exploring novel transportation technologies, such as drones, to reduce the delays or autonomous delivery robots could assist drivers with heavy loads or postal carriers with arms full of mail. Autonomous guided vehicles (AGVs) are also gaining popularity for transportation of goods. These non-conventional vehicle types are anticipated to witness significant increase in adoption in the last mile delivery transportation market during the forecast period.

Based on end-use industry, the FMCG products delivery segment led the last mile delivery transportation market across the globe in 2020. The segment is anticipated to register significant incremental opportunity during the forecast years. Online sales of FMCG goods are increasing, as multiple retailers and traditional brick mortar shop owners are increasing their online presence to cater the changing demands of consumers. This, in turn, is driving the share held by the FMCG segment in the market.

The consumption of medical and healthcare products is also rising amid growing awareness about health and fitness. Multiple apps for purchasing medicines and other healthcare products are being launched. This is expected to propel the health products delivery segment of the last mile delivery transportation market at a notable growth rate during the forecast period future years.

In terms of region, the global last mile delivery transportation market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa and South America. Asia Pacific led the global last mile delivery transportation market in 2020, owing to a significantly large population with improving economic conditions, which has fueled the consumption of goods. The high pace of industrialization and urbanization in rapidly expanding economies, such as China and India, is fueling the transportation and logistics sector and consequently, driving the last mile delivery transportation market in Asia Pacific.

Key Players

Prominent players operating in the global last mile delivery transportation market include Cargo Carriers Limited, CEVA Logistics, CJ Logistics Corporation, Concargo Private Limited, DB SCHENKER, DHL Global Forwarding, FedEx Corporation, Interlogix Pty. Ltd., J&J Global Limited, Kerry Logistics Network Limited, Kintetsu World Express, KUEHNE + NAGEL, Nippon Express, Procet Freight, Swift Transport, Tiong Nam Logistics Holdings, TNT Express, Transtech Logistics, Tuma Transport, United Parcel Service Inc., Yamato Transport Co., Ltd., R+L Carriers, and Amazon.

Global Last Mile Delivery Transportation Market: Segmentation

  • Last Mile Delivery Transportation Market, by Vehicle Type
    • Cargo Bike
    • Two Wheeler Vehicle
    • Drones
    • Robots
    • AGVs
    • Vans
    • Light Duty Vehicles
    • Medium & Heavy Duty Vehicles
  • Last Mile Delivery Transportation Market, by Cargo Type
    • Dry Goods
    • Postal
    • Liquid Goods
  • Last Mile Delivery Transportation Market, by End-use Industry
    • Food Delivery Industry
    • FMCG Products Delivery
    • Health Products Delivery
    • Postal Delivery
    • Automotive Products Delivery
    • Electronic Products Delivery
    • Others
  • Last Mile Delivery Transportation Market, by Solution
    • Real Time Tracking
    • Automated Planning and Optimization
    • Electronic Proof of Delivery
    • Dynamic Re-routing
    • Hardware Agnostic Platform
    • Real Time ETA Calculation
    • Interactive Planning Dashboard
    • Delivery Route Planning Visualization
    • Others
  • Last Mile Delivery Transportation Market, by Ownership
    • In-house
    • Third Party Logistics (3PL)
  • Last Mile Delivery Transportation Market, by Region
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America

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Steve Robber

My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!

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